Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

The Machi Big Brother position in PUMP has declined by more than $5.8 million, despite ongoing purchase activity and an increase in the transaction rate.

Two wallets have sold a combined 1.25 billion PUMP tokens for approximately $3.81 million at a rate of $0.00305 per token, realizing losses of approximately $1.19 million.

Tesla's Bitcoin holdings are now valued at approximately $1.2 billion, reflecting a 30% increase in Bitcoin's price during the second quarter. coindesk

Whale Transactions:

1. A whale contributed 3 million USDC to the Hyperlique account and opened a long position with 20X leverage, holding 7,200 ETH.
2. Another whale sold 1,085 ETH for $3.92 million USDC and deposited the funds into Hyperliquid to open a long position in DOGE with 10X leverage, totaling 81.44 million DOGE.
3. Today, new wallets accumulated an additional 40,591 ETH ($148 million). Over the past five days, seven new wallets gathered a total of 466,253 ETH ($1.7 billion).
4. A whale withdrew 76,000 SOL ($14.5 million) from Kraken. Since July 8, the same whale has withdrawn 164,000 SOL ($30.14 million) from Kraken for staking purposes.

The U.S. government holds a minimum of 198,000 Bitcoin, valued at roughly $23.5 billion, across multiple addresses linked to various federal agencies. None of these holdings have been transferred in the past four months.

The Bitcoin volatility index and the S&P 500 VIX index have demonstrated an unprecedented 90-day correlation, driven by increased involvement from institutional investors. coindesk

Merlin Chain (MERL) Announces Commemorative Airdrop Event for KRW Market

Bithumb has launched a commemorative airdrop event for the KRW trading market of Merlin Chain (MERL). More details are available at feed.bithumb.com.

#MERL #Bithumb #Listing

Merlin Chain (#MERL) has initiated a new airdrop for the Korean Won market. Further details are available at feed.bithumb.com. #Bithumb #Listing

Horizen completes Zen migration on Base. Details are available at theblock.com.

Bitcoin Holdings Shift as Institutional Investors Lead Market Trends

Since the start of 2023, retail investors have been steadily divesting their Bitcoin holdings, recent data shows. Conversely, institutional investors and large funds have exhibited consistent accumulation trends since early 2024. Search interest for "BTC" on Google remains subdued, indicating limited retail FOMO. Overall public engagement with Bitcoin appears muted at this time.

Quantum Solutions, an AI development firm, plans to allocate more than $500 million toward Bitcoin investments. coindeskjapan

The Federal Court of Australia has ruled that Finder's Earn product is not a financial instrument, overturning ASIC's appeal. cointelegraph

Bitzero raises $25 million to expand cryptocurrency mining operations. More details are available at theblock.com.

Solana Developers plan to increase the network's block limit by 66%, boosting capacity to 100 million computing units. theblock.com

Hong Kong to Enforce Stablecoin Regulations from August 1. The new law prohibits the promotion or offering of unlicensed stablecoins tied to fiat currencies to retail investors. source

JPMorgan reports that digital asset inflows have reached $60 billion since January. coindesk

Dbr Debridge has established a reserve fund dedicated to the redemption of its DBR token, financed entirely through protocol-generated income. More details are available at theblock.com.

Initial jobless claims in the United States fell to 217,000 last week, from 221,000 in the previous period.

A dormant Bitcoin wallet last active in 2011 moved 3,962 BTC earlier today, worth approximately $468 million. More details are available here.

Anchorage Digital Partners with Ethena Labs to Launch Stablecoin

BitMine has acquired more than $2 billion worth of ETH, totaling 566,776 Ethereum, as part of its ongoing treasury strategy.